Tag: ace magashule
The ANC NEC gathered at Luthuli house earlier to discuss plans to deal with South Africa's ailing economy based on a meeting they had over the weekend. The restructuring of state-owned enterprises, attacks on foreign nationals and gender-based violence was top priority. CNBC Africa’s Yolanda Mabanga filed this report.
The rand has been recovering since the news that the ruling ANC would consider expanding the mandate of the reserve bank. The Minister of Finance, Tito Mboweni and the Governor of the Reserve Bank, Lesetja Kganyago responded. CNBC Africa reporter Kopano Gumbi filed this report.
Many factors contributed to the ANC's loss of 5 percentage points at the polls, said ANC General Secretary Ace Magashule. Yet, the results are also a sign of a maturing democracy. He spoke to CNBC Africa’s Karabo Letlhatlha at the IEC, also addressing questions about corruption, South Africa's position in the global economy, and reform within the ANC.